PTON trade ideas
PTON, Breakout Setup for PT 169Setup shows U shape recovery and stock trying to break out. A huge volume indicates the crowd is anticipating a breakout here. Then room to go around 169 as per measure move. Wait for breakout, retests and holds support to confirm. The only concern is on RSI is enter into the overbought area.
Buy Area: 139
PT: 169
SL: 129.37
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
PTON, Aroon Indicator entered an UptrendOver the last three days, Tickeron's A.I.dvisor has detected that PTON's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron's A.I.dvisor backtested this indicator and found 99 similar cases, 92 of which were successful. Based on this data, the odds of success are 90%. Current price $142.91 is above $123.02 the highest resistance line found by Tickeron A.I. Throughout the month of 11/17/20 - 12/18/20, the price experienced a +36% Uptrend. During the week of 12/11/20 - 12/18/20, the stock enjoyed a +19% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for PTON just turned positive on November 30, 2020. Looking at past instances where PTON's MACD turned positive, the stock continued to rise, Tickeron A.I. detected that in 9 of 10 cases over the following month. The odds of a continued upward trend are 90%.
PTON moved above its 50-day Moving Average on December 10, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for PTON crossed bullishly above the 50-day moving average on December 15, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 4 of 4 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +4.36% 3-day Advance, the price is estimated to grow further. Considering data from situations where PTON advanced for three days, in 79 of 85 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 92 of 99 cases where PTON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
PTON Trade IdeaChart speaks for itself, targeting 153 if we get a nice breakout over 140, but would watch psychological levels such as 150, 145, etc.
$PTON - i want a handle Can't say I don't foresee a pull back.
I will likely be wrong. I do not understand how this stock is on fire.
I will watch for handle to see if i can play cup and handle breakout
PTON_Weeklyplay?I would play it weekly with the highs from PTON think it may have price pressure currently, but it will be a great buy if you have the patience...Neutral for now, but I think it is a great COVID play that may rotate out depending on Operation Warp Speed....ZM is also a stock that one needs to consider while the rollout happens in the next few months...
$PTON Peloton Breakout Trade Setup 🚲🚲
PTON continues its ride higher after breaking out of bullish pennant.
Volume impressive considering overall market.
Alert set for a possible entry above $140.
Fibonacci Confluence target $157.97
7MA may need to catch up to ignite the move.
1 HR RSI, Overbought PlayGetting puts when PTON is overbought at 1HR hasn't failed me yet, got some ATM put lotto for tomorrow here.
Target is ~119 or where dotted blue line is. If it doesn't bounce there, would continue to be bearish until back at RSI 30 1 HR.
If it holds above orange line, next target is ~160.
Christmas Rally Short SqueezeI get it, Peleton is a hot stock and seems like a great product during the 2020 pandemic/ Bullmarket boogaloo. But, if you heard about a stationary bike company that was valued at 40 BILLION dollars any other time you would not want to become a new investor. I expect this stock to continue to do well this December due to Holiday shopping season and Fed QE . But, as the world population becomes vaccinated and Life returns to some sort of normalcy, this should slowly fade away. Of course the market is always forward looking, so I expect a pullback from a double peak chart pattern in January.
TA interpretation + Personal Opinion = not investment advice*
Best of Luck!
$PTON Possible Bullish setup if breakout 121.5 Goals 157/169If closed above 121.5 then extremely bullish setup could lead to all time highs or area between 157 and 169 stoploss for bulls shall be at 104-103 which can drag it down to 90s
YOUR MASTER IS BACK!!!!!!!!!!BABY LISTEN BUY PELOTON HAND OVER FIST THIS IS GOING TO 150. JUST LOOK AT THE FUCKING CHART EVERY MONKEY WITH HALF A BRAIN CAN SEE THIS. IM NOT GOING TO GET INTO FURTHER DETAIL BECAUSE ITS FUCKING OBVIOUS THIS GOING TO 150 BY JANUARY. VALUATION? PFFT WHAT IS THAT?
DEGENERATE? BUY THE 140 WEEKLY CALLS
SNOWFLAKE? BUY 3/19/21 150 CALLS
DONT LISTEN TO NO ONE BUT ME! NOT EVEN YOUR SIGNIFICANT OTHER!
ANY ONE TELLING YOU OTHER WISE IS A COMPLETE BOZO.
PTON DailyChannel has been supporting Pton since March lows.
I got in the recent dip under $100. Let's hope market cooperates so we can see previous ATH $140 then $160+
PTON exercise at home virtually?Winter is coming. Covid-19 is everywhere...
Solution for exercise at home virtually...
Any thought?
$PTON needs a reversal here at 50 SMA $PTON needs a reversal here at 50 SMA else it will 10-15 points down from the current level.
Overhyped Targeting the next fib down
Many more entrants to the work out at home space.
Vaccine coming soon. I can’t wait to get back to the gym. This will be toast.
$PTON reversing back to ATHDowntrend reversal on Peloton
MACD Golden cross
ARKK buying on 8/12 for the first time
Low volume pullback
Gap-fill 122
H/E, might show similar patterns to $AAPL and $TSLA. Could go down to a HIGHER low before cracking ATH's again
